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California judge tosses $417 million talc cancer verdict against Johnson & Johnson

Reuters Business News - Sat, 10/21/2017 - 12:27
(Reuters) - A California judge on Friday threw out a $417 million verdict against Johnson & Johnson in a lawsuit by a woman who claimed she developed ovarian cancer after using its talc-based products like Johnson's Baby Powder for feminine hygiene.
Categories: Reuters

China says will guide private capital into higher growth areas

Reuters Business News - Sat, 10/21/2017 - 04:06
BEIJING (Reuters) - China will introduce measures aimed at guiding private investment into areas that have a higher growth potential, a senior official with the state planning agency said on Saturday.
Categories: Reuters

Japan's Mitsubishi, U.S. partner to invest $1.8 billion in data centres: media

Reuters Business News - Fri, 10/20/2017 - 23:23
TOKYO (Reuters) - Japanese trading house Mitsubishi Corp plans to set up a joint venture with U.S. data centre operator Digital Realty Trust and build around 10 data centres in Japan by 2022 for 200 billion yen ($1.8 billion), the Nikkei said on Saturday.
Categories: Reuters

Recent hurricanes take toll on quarterly earnings

Reuters Business News - Fri, 10/20/2017 - 23:01
SAN FRANCISCO (Reuters) - After raging over the southern United States and Puerto Rico, remnants of hurricanes Harvey, Irma and Maria are now dampening U.S. corporate profits.
Categories: Reuters

SS&C GlobeOp: Forward Redemption Indicator Dips To 2.69%

FINalternatives - Fri, 10/20/2017 - 22:36

The pace of hedge fund redemptions lessened in October after rising in September, according to new data from fund administrator SS&C GlobeOp, and they remained below year-ago levels for the ninth consecutive month. 

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CVC Capital Partners Hires Hu To Lead CLO Origination

FINalternatives - Fri, 10/20/2017 - 22:28

Alternative investment manager CVC Credit Partners has named former Nomura Securities executive Cary Ho as a managing director and global head of CLO origination.

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Mercury Capital Advisors Opens Seattle Office In iFunds Push

FINalternatives - Fri, 10/20/2017 - 22:21

Global private investment placement agent Mercury Capital Advisors opened a new office in Seattle, Washington and tapped iFunds distribution executive director Brian Hanson to lead it. 

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Ainslee's Maverick Capital Unveils 0% Performance Fee Structure

FINalternatives - Fri, 10/20/2017 - 22:17

Lee Ainslie’s Maverick Capital hedge fund has become the latest large alternative manager to slash fees to some investors amid disappointing performance in its main fund.  

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Goodwin Nabs PE Duo From Paul Hastings For Hong Kong Practice

FINalternatives - Fri, 10/20/2017 - 21:52

Law firm Goodwin has added former Paul Hastings private equity specialists Douglas Freeman and Victor Chen as partners in its international private equity practice in Hong Kong. 

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HFRU Composite Index Gains +0.71% Through Mid-October

FINalternatives - Fri, 10/20/2017 - 21:49

The HFRU Hedge Fund Composite Index, which measures UCITS compliant hedge funds, is up +0.71% through mid-October, according to a flash update from Hedge Fund Research. 

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U.S. tax plan hopes lift stocks, dollar strengthens

Reuters Business News - Fri, 10/20/2017 - 21:27
NEW YORK (Reuters) - World stocks advanced, bond yields rose and the U.S. dollar strengthened on Friday on increased hopes President Donald Trump could make progress on his fiscal plans after the U.S. Senate approved a budget blueprint that paves the way for tax cuts.
Categories: Reuters

Dymon Asia Said To Seek Additional $600M For L/S Equities Fund

FINalternatives - Fri, 10/20/2017 - 19:53

Danny Yong’s macro hedge fund Dymon Asia Capital is reportedly planning to raise an additional $600 million for an Asia long/short equity fund currently managing around $400 million in mostly internal capital.

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Tesla raises borrowing capacity for car leases to $1.1 billion

Reuters Business News - Fri, 10/20/2017 - 19:36
(Reuters) - Tesla Inc said on Friday it has increased its borrowing capacity for a car lease program to $1.1 billion from $600 million.
Categories: Reuters

GE vows $20 billion asset sales, 'sweeping change' as profit falls

Reuters Business News - Fri, 10/20/2017 - 18:28
NEW YORK (Reuters) - General Electric Co's new chief executive vowed on Friday to shed more than $20 billion worth of assets and hold executives accountable for failing to deliver profits after what he called "horrible" results in the third quarter.
Categories: Reuters

Wall Street hits record highs; tax plan hopes fuel optimism

Reuters Business News - Fri, 10/20/2017 - 18:02
NEW YORK (Reuters) - U.S. stocks hit record closing highs on Friday and the S&P 500 posted a sixth week of gains after the U.S. Senate passed a budget resolution, lifting hopes that President Donald Trump's tax-cut plan may move forward.
Categories: Reuters

Tesla raises borrowing capacity under warehouse agreements to $1.1 billion

Reuters Business News - Fri, 10/20/2017 - 17:40
(Reuters) - Tesla Inc said on Friday it has increased its borrowing capacity, related to an agreement, to $1.1 billion as the electric car maker spends heavily to fix production bottlenecks of its new Model 3 sedan.
Categories: Reuters

Snap lays off 18 employees in recruiting division

Reuters Business News - Fri, 10/20/2017 - 17:26
SAN FRANCISCO (Reuters) - Social media company Snap Inc said on Friday it had laid off 18 people in its recruiting division, an unusual move for a young company with ambitious growth plans and a likely reflection of tough competition from Facebook Inc .
Categories: Reuters

Wall Street rises along with tax-cut hopes

Reuters Business News - Fri, 10/20/2017 - 16:10
NEW YORK (Reuters) - U.S. stocks rose on Friday after the Senate passed a budget resolution, lifting hopes that President Donald Trump's tax-cut plan may move forward.
Categories: Reuters

Bitcoin soars to record high above $6,000

Reuters Business News - Fri, 10/20/2017 - 15:55
NEW YORK (Reuters) - Bitcoin surged to a record high of more than $6,000 on Friday, pushing its market capitalization to $100 billion at one point, as investors continued to bet on an asset that has a limited supply and has paved the way for a whole slew of crypto-currencies.
Categories: Reuters

Nestle CEO praised by Third Point but hedge fund still wants more

Reuters Business News - Fri, 10/20/2017 - 15:31
LONDON/BOSTON (Reuters) - Nine months into leading the world's biggest packaged food company, Nestle SA Chief Executive Mark Schneider got a tentative thumbs-up from a prominent investor, who praised his early steps on Friday but said there was more work to be done.
Categories: Reuters
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